by Moneyman Financial Inc. | Jan 1, 2025 | Blog, RRSP, Tax Free Savings Account
One of the most common investment questions Canadians ask themselves today is, “Which is better, TFSA or RRSP”? Here’s the good news – it doesn’t have to be an either-or choice. Why not do both? Below are the features of both plans to help you understand the...
by Moneyman Financial Inc. | Dec 2, 2024 | Blog, Estate Planning
For many Canadians, the majority of their wealth is held in personally owned real estate. For most this will be limited to their principal residence, however, investment in recreational and real estate investment property also forms a substantial part of some...
by Moneyman Financial Inc. | Nov 1, 2024 | Blog, Critical Illness Insurance
Why a Doctor Invented Critical Illness Insurance Critical Illness insurance was invented by Dr. Marius Barnard. Marius assisted his brother Dr. Christiaan Barnard in performing the first successful heart transplant in 1967 in South Africa. Through his years of dealing...
by Moneyman Financial Inc. | Oct 1, 2024 | Blog, Business Owners, Estate Planning
Succession planning is essential for businesses worldwide, but certain aspects make it particularly important in the Canadian context. Here are eight compelling reasons why business succession planning is crucial in Canada: 1.Aging Population Canada, like many other...
by Moneyman Financial Inc. | Sep 2, 2024 | Blog, Insurance, Life Insurance
Considering that the proceeds of a life insurance policy are received tax-free upon the death of the life insured, it is not surprising that the premiums for the policy are not tax deductible. There are two circumstances, however, where premiums would be deductible...
